A good rent-to-income ratio is around 30% of gross income. Most landlords will require that as a minimum percentage. The biggest financial concern that landlords face is the non-payment of rent, so ensuring their prospective tenants can afford the monthly rent is a top priority.
We’ve given you a couple ways to calculate it. The first calculator will give you a percentage based on gross monthly income and the rent amount. The second calculator will let you customize the ratio and give you target amounts for both the rent and gross monthly income.